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Do you need to start protecting your Finances now against a possible Corbyn regime?

This article is for information only and no recommendation is being made or should be construed from the contents of the article. Always seek independent financial advice prior to taking any action.

Up until the election last year, Corbyn was not considered a serious contender for prime minister. So much so that the implications of the proposed spending commitments in Labour’s election manifesto was never scrutinised seriously by most voters.

If it had been, it would have highlighted budget required to deliver their promises – which would have totalled around £100bn per year, according to a report by the Taxpayers’ Alliance. And this did not even include Labour’s plans for re-nationalisation, which could have an upfront cost of at least £176bn.

So, with the infighting of the Conservative party and Theresa May’s extremely fragile leadership, mostly brought on by the challenges of Brexit, should we now start looking ahead to see what impact a Corbyn regime would have on our finances, as it is becoming more likely with every week that passes in politics? Read more

This article is for information only and no recommendation is being made or should be construed from the contents of the article. Always seek independent financial advice prior to taking any action.

Today the Chancellor announced the latest Budget, describing it as aiming to “help families to cope with the cost of living”. The headline item was a reform of stamp duty for first time buyers, immediately removing the duty on properties up to £300,000, although analysts said that this would primarily benefit existing homeowners. Income tax rates were adjusted, with an increase of £350 for the personal allowance and an increase of £1,350 to the higher tax rate.

Budget 2017 : The Key Points

Growth forecast for 2017 downgraded from 2% to 1.5%

Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000

Higher-rate tax threshold to increase to £46,350

Tax-free personal allowance on income tax to rise to £11,850 in April 2018

Fuel duty rise for petrol and diesel cars scheduled for April 2018 scrapped

This article is for information only and no recommendation is being made or should be construed from the contents of the article. Always seek independent financial advice prior to taking any action.

Today the Chancellor announced the Spring Budget and, as predicted, it was was relatively low-key with a large focus on businesses. This is not to say families won’t be affected in the short term as many of the changes proposed in last Autumn’s budget will come into effect from this April. To remind yourself of these, have a look at our previous Budget round up.

Spring Budget 2017 : The Key Points

UK growth up this year

Increase in taxes for the self-employed

Tax free dividend allowance drops from £5,000 to £2,000 from April 2018

Measures for business rates amount to a £435m cut, including a £1,000 cut for 90pc of pubs

£2bn for social care, and £100m for new triage programmes at English hospitals next winter

Autumn Statement 2016 : A summary

This article is for information only and no recommendation is being made or should be construed from the contents of the article. Always seek independent financial advice prior to taking any action.

Chancellor Hammond has announced his first Autumn. He claimed it was aimed to help families who were ’just managing’ and his plan is to ensure the UK economy is “match-fit”. The statement included major announcements on housing, benefits and tax. Here is our key summary on how it could affect you: